Intermediate Accounting I

1. Hoarder Company purchased 3 investments in 2020, which have the following unrealized gains/ losses as of 12/31/20:

Investment in equity securities $3,000 gain

Investment in trading securities 1,000 loss

Investment in available for sale securities 2,500 gain

If Hoarder reported 2020 net income was $150,000, how much will it report as other comprehensive income?

a) $152,500

b) $2,500

c) $4,500

d) $5,500